aviation

The recent Boeing Co (NYSE:BA) 737 Max 9 fiasco could have a significant impact on the entire U.S. economy, according to aviation expert Mike Boyd. What Happened: Boyd, the president of Boyd International, in an interview with Yahoo! Finance, warned that the repercussions of the Jan. 5 incident...

Boeing Co (NYSE:BA) CEO Dave Calhoun met with U.S. senators on Wednesday amid ongoing scrutiny regarding the recent 737 MAX 9 blowout. What Happened: Calhoun met with several U.S. lawmakers on Capitol Hill, including Sen. Maria Cantwell (D-Wash.) and Sen. Jerry Moran (R-Kan.). However, the CEO did...

The CEO of Boeing Co (NYSE:BA), Dave Calhoun, is reportedly set to meet with U.S. senators this week to address concerns about the 737 MAX 9 grounding. What Happened: Calhoun will meet with Sen. Ted Cruz (R-Texas) and Mark Warner (D-VA) to discuss the recent 737 MAX 9 grounding, reported Reuters....

Virgin Atlantic canceled a flight to New York after a passenger noticed missing parts from the aircraft’s wing. The airline conducted additional maintenance checks following the incident. What Happened: The U.K.-based airline canceled the flight after a passenger informed the crew about...

In an unexpected twist, Tom Stokely, co-founder of the social media platform OnlyFans, is making a strategic shift from the digital world to the skies, planning to launch an aviation startup. What Happened: Stokely is teaming up with Global Airlines, an emerging player seeking to offer flights from...

Over a 100 countries have agreed to reduce emissions from global aviation by 5% by 2030 using less-polluting fuels. What Happened: The goal was decided at the end of a conference held in Dubai from Nov. 20-24 and the International Civil Aviation Organization (ICAO) member states have agreed to...

CEO of Electric Vehicle giant Tesla Inc (NASDAQ:TSLA) and rocket manufacturing company SpaceX Elon Musk on Monday recommended changes to the supersonic Concorde airliner to increase its efficiency. What Happened: “Just updating the engines would cut fuel use in half,” Musk wrote on X,...

Benzinga’s CEO Jason Raznick sat down with Ark Invest founder Cathie Wood in an exclusive conversation on “The Raz Report,” to discuss various technology trends and how it affects the transportation industry — namely, the electric vertical takeoff and landing (eVTOL) industry. The...

An analyst from Cathie Wood-led Ark Investment Management sees AI reducing aviation industry’s negative affects on the environment. What Happened: Analyst Sam Korus took the example of Google (NASDAQ:GOOG) (NASDAQ:GOOGL) and American Airlines (NASDAQ:AAL) to drive...

On Thursday, Delta Air Lines (NYSE: DAL) posted a quarterly earnings surprise and lifted its full year profit outlook as travel remains among top priorities for consumers. Delta posed its highest ever quarterly earnings as its bottom line benefited from strong international travel demand and lower...

U.S. airline stocks rocketed in June, with the U.S. Global Jets Exchange Traded Fund (NYSE:JETS) demonstrating one of the highest quarterly returns among equity industry benchmarks. A 4.5% increase on Tuesday, June 27 marked the biggest trading day for JETS since January 2023, pushing the ETF ...

Key Takeaways: Cirrus Aircraft’s revenue and profit have been rising over the past three years, but the company slightly lags its peers on profit margin Battling high costs, the company is seeking funds to improve production capacity and efficiency By Ken Lo China celebrated an aviation...

This story was first published on the Benzinga India Portal. The U.S. government has reportedly given General Electric (NYSE: GE) the green light to transfer jet engine manufacturing technology to India, and both sides have reached a preliminary agreement on the deal. What Happened? ...

Honeywell International Inc. (NASDAQ: HON) introduced UOP eFining technology to manufacture low-carbon sustainable aviation fuel (SAF). World's leading eFuels company, HIF Global, aims to deploy the new technology to produce eSAF at its second U.S. eFuels facility. eFuels (or electro fuels) are...

The first commercial Boeing Co (NYSE: BA) 737 MAX flight seemed to have resumed flying into China for the first time in almost four years, reported Bloomberg. A MIAT Mongolian Airlines flight on a round-trip between Ulaanbaatar to Guangzhou landed in the Chinese city at 8:18 am local time on Monday...